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A significant charter agreement has been finalized, with a daily rate set at $14,250 for a duration of one year. This contract is designated for operational use by OXY, reflecting a strategic move in their maritime logistics. The deal underscores OXY's commitment to enhancing its trading capabilities in the coming year.

In a significant market move, the Phoenix Tanker has been successfully sold for a staggering $28.2 million to Pantheon Tankers, a distinguished Greek shipping company. This transaction marks another important step in the ongoing evolution of the maritime industry, showcasing the increasing demand for tanker vessels. With this acquisition, Pantheon Tankers aims to enhance its fleet and strengthen its position in the competitive shipping market.

In a strategic move to bolster its operations, Greek shipping company Pantheon Tankers has successfully acquired the six-year-old aframax vessel 'Phoenix Advance' from Singapore's Phoenix Tanker. According to industry broking sources, the 114,000 deadweight tonnage (dwt) tanker was sold for approximately $28 million. This acquisition adds to Pantheon Tankers' expansive fleet of 19 vessels, with another three currently under construction at reputable shipyards in Japan and Korea. This transaction highlights Pantheon Tankers' ongoing commitment to enhancing its maritime capabilities in the increasingly competitive tanker market.